Rajkot Investment Trust loans and debt decline in first half

Rajkot Investment Trust Limited reduced current loans by Rs 146.58 lakh to Rs 26.55 crore and non-current borrowings by Rs 142.16 lakh to Rs 27.30 crore between March 31, 2026 and September 30, 2026. Cash and cash equivalents rose by Rs 1.91 lakh to Rs 3.82 crore over the same six-month period.

How much did Rajkot Investment Trust’s loan balance change?

Rajkot Investment Trust’s current loans declined to Rs 26.55 crore at September 30, 2026 from Rs 28.01 crore at March 31, 2026, a reduction of Rs 146.58 lakh. The standalone balance sheet classifies these loans within current financial assets, while no non-current loan balance was reported at either date.

The Rs 146.58 lakh movement in loans exceeded the Rs 133.27 lakh fall in total current assets, which decreased to Rs 30.93 crore from Rs 32.27 crore. This difference reflects offsetting changes elsewhere in current assets, including a Rs 1.91 lakh increase in cash and cash equivalents and an Rs 8.42 lakh increase in other financial assets.

The cash-flow statement for the half year ended September 30, 2026 also records Rs 146.58 lakh under increase or decrease in advances within investing activities. Rajkot Investment Trust did not disclose borrowers, maturities, interest rates, security, or whether the movement resulted from repayment, recovery, fresh lending or reclassification.

How did Rajkot Investment Trust’s borrowings change?

Rajkot Investment Trust’s non-current borrowings fell to Rs 27.30 crore at September 30, 2026 from Rs 28.72 crore at March 31, 2026, a reduction of Rs 142.16 lakh. The balance sheet reported no current borrowings at either reporting date, leaving the disclosed borrowing balance entirely within non-current liabilities.

The financing section of the half-year cash-flow statement reports net proceeds from long-term borrowing of negative Rs 142.16 lakh, consistent with the balance-sheet reduction. Finance costs were Rs 11.53 lakh for the six months ended September 30, 2026, whereas the corresponding six-month column for September 30, 2025 shows no finance-cost amount.

Other non-current financial liabilities were unchanged at Rs 7,000 at both March 31, 2026 and September 30, 2026. Current liabilities decreased to Rs 71.56 lakh from Rs 81.59 lakh, including a fall in other financial liabilities to Rs 35,000 from Rs 8.46 lakh and a reduction in provisions to Rs 52.19 lakh from Rs 54.11 lakh.

What did Rajkot Investment Trust’s cash flow show?

Rajkot Investment Trust reported net cash generated from operating activities of Rs 64.42 lakh for the half year ended September 30, 2026. The cash-flow statement’s comparative column, labelled year ended March 31, 2026, shows net operating cash flow of Rs 28.43 lakh.

Operating cash flow began with profit before tax of Rs 18.92 lakh and included Rs 47.29 lakh of interest income on loans and advances, alongside Rs 11.53 lakh of interest and finance costs. Working-capital movements included a Rs 2.98 lakh increase in other current assets, a Rs 8.42 lakh increase in other financial assets and a Rs 1.92 lakh decrease in short-term provisions.

Investing activities generated net cash of Rs 91.18 lakh in the half year ended September 30, 2026, compared with net cash used of Rs 5.57 crore in the column labelled year ended March 31, 2026. The half-year investing movement included Rs 146.58 lakh relating to advances, offset by Rs 47.29 lakh of interest income on loans and advances and Rs 8.11 lakh relating to other non-financial liabilities.

Financing activities used Rs 153.69 lakh during the September 2026 half year, comprising the negative Rs 142.16 lakh movement in long-term borrowing and Rs 11.53 lakh of interest and finance costs. Net cash and cash equivalents consequently increased by Rs 1.91 lakh, from Rs 3.80 crore at the beginning of the period to Rs 3.82 crore at September 30, 2026.

How did Rajkot Investment Trust’s assets and liabilities move?

Rajkot Investment Trust’s total assets fell to Rs 33.07 crore at September 30, 2026 from Rs 34.40 crore at March 31, 2026. Non-current assets were unchanged at Rs 2.13 crore, comprising Rs 2.13 crore of non-current financial assets and Rs 8,000 of property, plant and equipment.

Within current assets, inventories remained Rs 7.07 lakh at both reporting dates, while other financial assets rose to Rs 39.51 lakh from Rs 31.09 lakh. Other current assets stood at Rs 10.08 lakh at September 30, 2026, while the March 31, 2026 balance sheet recorded current tax assets of Rs 7.10 lakh.

Total equity increased to Rs 5.05 crore at September 30, 2026 from Rs 4.86 crore at March 31, 2026. Equity share capital stayed at Rs 1 crore, while other equity rose by Rs 18.92 lakh to Rs 4.05 crore, matching the net profit reported for the six months ended September 30, 2026.

The fall in borrowings and current liabilities reduced the balance-sheet liability base between the two dates, while current loans remained the largest identified current-asset item at Rs 26.55 crore. Rajkot Investment Trust reported no separate reportable operating segments under Indian Accounting Standard 108, or Ind AS 108, in the September 2026 filing.

Did Rajkot Investment Trust’s first-half earnings rise?

Rajkot Investment Trust reported net profit of Rs 18.92 lakh for the six months ended September 30, 2026, compared with Rs 17.70 lakh for the six months ended September 30, 2025. Total revenue increased to Rs 47.29 lakh from Rs 33.31 lakh, while total expenses increased to Rs 28.37 lakh from Rs 15.70 lakh.

Revenue from operations rose to Rs 35.92 lakh from Rs 19.93 lakh in the prior-year half, while other income declined to Rs 11.37 lakh from Rs 13.38 lakh. Basic and diluted earnings per share were Rs 1.89 for the September 2026 half year, compared with Rs 1.77 a year earlier.

For the quarter ended September 30, 2026, net profit was Rs 9.45 lakh, marginally below Rs 9.56 lakh in the quarter ended June 30, 2026. Revenue from operations declined to Rs 13.74 lakh from Rs 22.18 lakh sequentially, while finance costs decreased to Rs 5.51 lakh from Rs 6.02 lakh.

Rajkot Investment Trust’s board approved the unaudited standalone results on November 12, 2026, and the statutory auditor issued an unmodified limited-review conclusion. The filing states that the results were prepared under Indian Accounting Standards, or Ind AS, and that the September 2026 balance sheet and cash-flow statement accompanied the half-year results.

Conclusion

Rajkot Investment Trust’s September 2026 filing shows current loans declining by Rs 146.58 lakh alongside a Rs 142.16 lakh reduction in non-current borrowings. Operating cash flow of Rs 64.42 lakh and investing cash generation of Rs 91.18 lakh were offset by Rs 153.69 lakh used in financing activities, leaving cash broadly stable at Rs 3.82 crore.

The next financial-results filing can show whether current loans remain below Rs 26.55 crore and whether non-current borrowings continue to decline from Rs 27.30 crore. Rajkot Investment Trust disclosed no lending target, debt-repayment plan, cash-balance target or borrower-level explanation for the Rs 146.58 lakh movement in advances.